Topic: How To Invest

Stock Pickers Digest Hotline – Friday, August 16, 2019

Article Excerpt

ALIMENTATION COUCHE-TARD INC., $83.33, symbol ATD.B on Toronto, operates 12,661 convenience stores across North America and Europe. The company continues to expand into the market for cannabis. Its latest move is an investment in Fire & Flower Holdings Corp. (symbol FAF on Toronto). This includes an 8% unsecured convertible debenture worth $26.0 million. This debt is convertible into 24.3 million shares of Fire & Flower at $1.07 per share. If Alimentation Couche-Tard opts to convert the debentures, it will own 9.9% of Fire & Flower. The company also received warrants, which if converted to Fire & Flower shares, will give it 50.1% interest in Fire & Flower. Alimentation Couche-Tard will also appoint a member to Fire & Flower’s board of directors. That firm is a licensed cannabis retailer in Alberta, Saskatchewan, Manitoba and the Yukon. It’s also a consultant and licensor to Fire & Flower-branded retail locations in the province of Ontario. The company aims to offer what it believes is education-focused, best-in-class retailing while…

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